kel rewright live in washington with more on what that may be. >> speaker of the house john boehner met with the president on monday. the two discussed what they can do to avoid the fiscal cliff. mr. fwhier p by another put th before the president. in a counteroffer the president proposed to raise taxes on those making 400,000 a year. >> in order to achieve a broad deficit reduction package that puts our economy on a sustainable fiscal path in the future a certain level of revenue cleaned from the wealthy has to be met. the only way to do that was through -- in part rates rising. >> a rough outline of the deal calls for 1 trillion in cuts, one trillion in revenue, immediate down payment and legislative process through next year. in the previous meeting the two sides remain pfar apart on agreement. now they appear to be some what closer to a deal. president obama proposed some of the demands on spending cuts on entitlement program such as curtailing future inflation adjust ams for future recipients of social security. michael steele says any movement away from the unrealistic offer the p